ALLIANCE ENTERTAINMENT HOLDI (AENT) Stock Technical Analysis
NASDAQ:AENT - Nasdaq - US01861F1021 - Common Stock - Currency: USD
Overall AENT gets a technical rating of 0 out of 10. AENT scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
63% of all other stocks performed better in the past year than AENT.
AENT is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so AENT is lagging the market.
AENT is part of the Distributors industry. There are 18 other stocks in this industry. AENT outperforms 70% of them.
In the last month AENT has a been trading in the 2.22 - 3.20 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is bad, AENT does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. We notice that large players showed an interest for AENT in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
1.93
3.01
We found 4 important support areas.
- Support @2.60 from a trend line in the weekly time frame.
- Support @2.49 from a horizontal line in the weekly time frame.
- Support @2.30 from a trend line in the daily time frame.
- Support @1.95 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- Resistance @2.98 from a horizontal line in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for AENT is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for AENT is neutral. |
| ChartMill Relative Strength | 37.63 | NEUTRAL | AENT is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of AENT is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of AENT is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of AENT is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 51.63 | NEUTRAL | The RSI value for AENT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.08 | POSITIVE | The MACD value suggests AENT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 73.49 | NEUTRAL | The Stochastics value for AENT is a neutral value. |
| Average True Range in percent/ATR (20) | 11.54 | HIGH VOLATILITY | The high ATR as a percentage value for AENT suggests high volalility. |
| Average Directional Index/ADX (14) | 26.55 | POSITIVE | The high ADX value value for AENT suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
2.9
-0.05 (-1.69%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryDistributors
Performance
% Chg-1.69%
1 Week12.4%
2 Weeks22.36%
1 Month-4.92%
3 Month-30.62%
6 Month-42%
12 Month20.83%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.35
ATR(20)%11.54%
ATR Inc-21.94%
Range Today0.19
ADR(20)0.33
ADR(20)%11.32%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS37.63
Mansfield-2.34
10 Day High3.2
10 Day Low2.22
20 Day High3.2
20 Day Low2.22
52 Week High11.57
52 Week Low1.1
CS1 End2.6
CR1 Start2.98
Volume & EV
DER(3)3.59%
DER(5)2.04%
Volume19.94K
Volume Incr18.2%
Vol(5)39.09K
Vol(50)43.78K